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Press briefing of Cabinet Decision taken on 2018-03-27
Adoption of Innovators to Industry
The Budget of 2018 proposed to provide the opportunity for new inventors to enter into industries and the objective was to absorb the University Graduates and NVQ Certificate Holders with a registered Patent or a viable business idea. The industry will adopt the innovators and to support this cause, the Government will bear 50% of their monthly salary subject to a Rs.50,000/- per month up to a maximum of 24 months and in addition the cost of Patent in Sri Lanka and counseling on Patenting.

Accordingly, the proposal made by Hon. Mangala Samaraweera, the Minister of Finance and Mass Media, to implement the project inclusive of the determination of criteria to select the candidates and partner companies, to appoint a Steering Committee to take necessary measures to implement the Project and to take measures to ensure success of the initiatives including the selection of candidates, the entities, matching the candidate to the entity and other activities of the proposal and also to appoint a Technical Committee to assist the Steering Committee, was approved by the Cabinet